Rates Change on April 1st 2017
Time to update your payroll system because National Minimum Wage rates are changing from April 1st.
Here’s a before and after list for you to check.
| Age | 2016 | 2017 |
| 25 and over | £7.20 | £7.50 |
| 21 to 24 | £6.95 | £7.05 |
| 18 to 20 | £5.55 | £5.60 |
| Under 18 | £4.00 | £4.05 |
| Apprentice | £3.40 | £3.50 |
Remember that Real Time Information (RTI) means you must use the correct data to ensure your reporting is accurate.
Lewis Smith & Co. offers a payroll bureau service to take away all of the hassle of managing changes like this. Make sure you remain HMRC compliant and sign up today.
Call us on 01384 235549 or email info@lewissmith.com to discover more.
Lewis Smith & Co. – Accountancy services for Kingswinford businesses
